Stove Kraft Company received the approval for IPO (Initial Public Offering) from the capital market regulator Sebi in last year. The Rs 412.63 crore public issue comprises of a fresh issue of Rs 95 crore and an offer for sale of Rs 317.63 crore by promoters and existing shareholders.
Stove Kraft is expected to launch its initial public offering (IPO) for subscription next week.
Stove Kraft IPO date is 25 January and closes on 28 January 2021. Stovekraft is one of the leading brand in kitchen appliances in India. They are major player in pressure cookers, free stand hobs and cooktops. They have products under well known brands like Gilma, Pigeon and Black + Decker. The products are available in over 25000 retail outlets. They are selling products through e-commerce marketplace too. The estimate turnover for last financial year likely around 700 crore. They have over 650+ products in cooking, kitchen utilities, home utilities and food preparation. They also started manufacturing Pigeon LED products from 2019. Stove Kraft has wide network in India for the distribution and selling of their products. The company export their product to USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc. Check out Stove Kraft IPO dates, price band and market lot details.
Read Also: Stove Kraft GMP Detail
Stove Kraft IPO Category-wise Break up:
Stove Kraft IPO Date & Price Band:
| Issuer | Stove Kraft |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: January 25, 2021 |
| Issue Closes: January 28, 2021 | |
| Price Brand | ₹384 to ₹385 Per Share |
| Issue Size | ₹412.63 Crores |
| Face Value | Rs.10per Equity Share |
| Market Lot | 38 Shares |
| Maximum Bid amount for Retail | Rs. 190,190 Lakhs |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹ 412.63 Cr |
| Fresh Issue | ₹ 95 Cr |
| Listing at | NSE & BSE |
Stove Kraft IPO Tentative Timetable
The Stove Kraft IPO open date is 25 Jan 2021 , and the close date is 28 Jan 2021. The issue may list on .
| IPO Open Date | 25 Jan , 2021 |
| IPO Close Date | 28 Jan , 2021 |
| Basis of Allotment Date | 02 Feb, 2021 |
| Initiation of Refunds | 03 Feb, 2021 |
| Credit of Shares to Demat Account | 04 Feb, 2021 |
| IPO Listing Date | 05 Feb, 2021 |
Stove Kraft IPO Market Lot:
| Minimum Lot Size: | Minimum 38 Shares |
| Minimum Amount: | ₹ 14,630 |
| Maximum Lot Size: | Maximum 494 Shares |
| Maximum Amount: | ₹ 1,90,190 |
Stove Kraft Company Financial:
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 4,984.99 | 4,712.91 | 4,257.26 | 3,936.42 |
| Total Revenue | 3,295.09 | 6,729.14 | 6,425.98 | 5,345.85 |
| Profit After Tax | 287.76 | 31.70 | 7.36 | (120.18) |
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How to apply the IRFC IPO? You can apply IRFC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IRFC IPO in the Invest section. The other option you can apply IRFC IPO via IPO forms download via NSE and BSE. Check out the IRFC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About Stove Kraft
Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of "Pigeon" and "Gilima" brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the "Black + Decker" brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.
The company has a strong distribution network as under the "Pigeon" brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the "Gilima" brand, it has 65 stores across 4 states and 28 cities. It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
Competitive strength
- One of the largest kitchen appliance company in India.
- Diversified product portfolio.
- Strong brand name.
- Strong distribution network.
- Well-equipped manufacturing facility.
Stove Kraft IPO Prospectus
- Stove Kraft DRHP
- Stove Kraft RHP
- Stove Kraft DRHP
- Stove Kraft RHP
Stove Kraft Company Promoters:
- Rajendra Gandhi
- Sunita Rajendra Gandhi
Stove Kraft IPO Registrar:
Selenium Building, Tower-B, Plot No 31 & 32,Financial District,Nanakramguda, Serilingampally,Rangareddi, Telangana India - 500 032.Phone: 1-800-3454001Email: einward.ris@kfintech.comWebsite: https://karisma.kfintech.com/
Stove Kraft IPO Lead Managers:
- Edelweiss Financial Services Ltd
- JM Financial Consultants Private Limited
Stove Kraft Company Address:
Stove Kraft Limited
81/1, Medamarana Halli Village
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112
Phone: +91 80 2801 6222
Email: cs@stovekraft.com
Website: http://www.stovekraft.com/
Stove Kraft IPO FAQs:
1. When Stove Kraft IPO will open for Anchor Investors?
The Anchor Investors bidding is January 2021.
2. When Stove Kraft IPO will open for QIB, NII, and Retail?
The IPO to open on 25 January 2021 for QIB, NII, and Retail Investors.
3. What is Stove Kraft IPO Investors Portion?
The investors' portion for QIB-50%, NII-10%, and Retail-35%.
4. How to Apply the Stove Kraft IPO?
You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
5. What is Stove Kraft IPO Allotment Date?
Stove Kraft IPO allotment date is 02 February 2021. You can check IPO allotment here.
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